Middle East: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in the Middle East

The Middle Eastern spectacle non-plastic frame market rose slightly to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Spectacle Non-Plastic Frame Production in the Middle East

In value terms, spectacle non-plastic frame production rose modestly to $X in 2023 estimated in export price. Over the period under review, production showed modest growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports in the Middle East

Spectacle non-plastic frame exports surged to X units in 2023, jumping by X% against 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports surged to $X in 2023. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporter of non-plastic frames and mountings for spectacles and goggles in the Middle East, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), creating an X% share of total exports. The following exporters - Israel (X units) and Bahrain (X units) - each recorded a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Turkey (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) remains the largest spectacle non-plastic frame supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In Turkey, spectacle non-plastic frame exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced mixed trends in the export price figures.

Spectacle Non-Plastic Frame Imports

Imports in the Middle East

In 2023, purchases abroad of non-plastic frames and mountings for spectacles and goggles increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports stood at $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Turkey represented the major importer of non-plastic frames and mountings for spectacles and goggles in the Middle East, with the volume of imports amounting to X units, which was near X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units) and Israel (X units), together constituting a X% share of total imports. The following importers - Kuwait (X units), Qatar (X units) and Iraq (X units) - together made up X% of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of non-plastic frames and mountings for spectacles and goggles. At the same time, Iraq (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Kuwait experienced a relatively flat trend pattern. By contrast, Israel (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Israel (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Kuwait, Qatar and Iraq lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform